Looks like another down day coming for the markets

[paramount]

[quote=moneymaker]Well it’s an even numbered day so the markets will probably be up. Anybody else feeling like this is a financial roller coaster for little kids? Vonnie Quinn on Bloomberg is hot![/quote]

Rigged.

[outtamojo]

Oil is soaring. If I were a Saudi Prince I would buy tons of oil futures and them spread rumors of production cuts over and over.

[ltsddd]

Speaking of oil. I guess the business of fracking has pretty much gone the way of the do-do?

[spdrun]

Still below $30/bbl after falling to what, 26? It’s lovely that the Russians and Saudis (aka supporters of wahhabi thugs) are getting the thumbscrews tightened on them. Same idea as crashing oil prices in the 80s to kill the USSR economically.

And yes, it doesn’t hurt that the polluting frack industry in the US is being decimated. Couldn’t happen to a nicer bunch of poisoners.

They used to shoot people for poisoning wells, after all.

[poorgradstudent]

[quote=The-Shoveler]The Stock market and the local economy seem to be in different universes as far as I can see.

very interesting.

Usually I can tell just by looking at L.A. Traffic if we are heading into a downturn, Seems busier than ever right now.[/quote]

Unemployment is down, wages are going up. A big part of the decline in the stock market is Oil and China. In the short run neither of those is super important to the local economy.

[spdrun]

Unemployment is a lagging indicator. It’s usually the last thing to trough before a recession.

Everyone says the factors are unimportant until the excrement hits the propeller.

[The-Shoveler]

People are getting hired out from under us left and right,

We got new replacements but now we are stuck training a bunch of newbies.

[Author]

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